Recent on-chain data indicates that Litecoin (LTC) whales have made significant purchases, potentially signaling upward momentum for LTC’s price.
Key Insights:
According to Ali Martinez, a prominent crypto analyst, Santiment’s Supply Distribution metric shows that wallets holding 100,000 to 1 million LTC accumulated 430,000 LTC (~$45M) in the past 48 hours.
This buying spree followed a price dip, suggesting whales view the current levels as an attractive entry point.
The Market Value to Realized Value (MVRV) ratio also shows positive signs, with its 200-day moving average turning bullish, indicating profitability for long-term holders.
Current LTC Market Status:
Price: ~$105 (down 16% over the past week)
Trend: Whale accumulation + improving MVRV could signal a potential rebound.
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